10 Best Bank Stocks of 2010

NEW YORK ( TheStreet) -- The banks with the best stock-price performance this year are a diverse group: There are some, like Western Alliance Bancshares ( WAL), that were beaten down so low there was nowhere to go but up and others, like Texas Capital Bancshares ( TCBI), which caters to the wealthy and happens to operate in one of the most economically viable areas of the U.S.

Though none of the top 10 performers are on the same playing field as Bank of America ( BAC) or Citigroup ( C), there's a relatively wide range of size.

The smallest, WesBanco ( WSBC), has just $5.4 billion in assets and a market cap below $520 million. The largest, Huntington Bancshares ( HBAN), has a large footprint throughout the Midwest, with $52.7 billion in assets and a market value of $4.7 billion.

Overall, the improvement in these banks' share prices can be attributed to improving fundamentals. Credit costs have declined, margins have improved and capital levels were bolstered by stock and bond offerings, while a few players moved from losses to profits in 2010.

Yet the incredible climb in these stock prices - Cathay General Bancorp ( CATY) shareholders, for instance, have seen its value nearly double this year - also begs the question of whether there's any more value left to bid up. Wall Street doesn't appear to be especially bullish on any of the stocks, with most ratings weighted in hold and most prices trading above the average analyst estimate.

Huntington is one of the few stocks that has more buy ratings than hold or sell, with a price target above its current trading range. The bullishness was due, in part, to the fact that Huntington had yet to repay bailout funds - indicating more potential upside and an event that could provide a catalyst for its shares.

Yet on Monday, after Huntington announced that it would (finally) be repaying TARP with a $1.2 billion capital raise, its share price fell through the floor. Investors were either concerned about dilution - the capital raise was more heavily weighted in equity than some had expected - or simply selling on the news.

Others are trading so far above consensus price targets that either Wall Street's valuation metrics are far afield from reality or the rally is about to end. First Commonwealth Financial ( FCF), for instance, has an average price target of $6.10, though it has recently been trading around $7. Similarly, Wunderlich Securities downgraded Texas Capital from buy to hold on Dec. 3, citing valuation concerns.

Whether the stocks are overvalued or still have room to soar, here's TheStreet's list of the 10 best bank stocks of 2010, based on year-to-date share price performance, as of the close on Dec. 8:

Terms

For each of the 10 bank holding companies discussed on the following pages, we'll be looking at capital strength, earnings quality and asset quality. For an explanation of those terms you can click on the box below.

10. Texas Capital Bancshares

Company Profile

Texas Capital Bancshares of Dallas has seen its shares rise 49% year-to-date, closing at $20.82 Wednesday.

The company is one of the lucky banks that maintained profitability throughout the financial crisis by the very nature of its location and business model, catering to high-net-worth individuals and commercial clients in a state that's held up pretty well throughout the downturn.

At the start of this month, Standard & Poor's added Texas Capital to its SmallCap 600 index, potentially adding to the investor pool, as index funds pile into the stock.

Income Statement

The company reported third-quarter net income of 9.5 million, or 25 cents a share, increasing from $5.4 million, or 15 cents a share, a year earlier. Texas Capital's annualized return on average assets (ROA) for the third quarter was 0.63% according to SNL Financial, for its best earnings performance since the third quarter of 2008.

The company was still building reserves, as its $13.5 million provision for credit losses exceeded net charge-offs - loan losses minus recoveries - of $12.1 million.

Following the industry trend, the company's net interest margin improved to 4.25% during the third quarter, from 4.05% a year earlier.

The improvement in the margin reflected an 11% year-over-year increase in non-interest bearing deposits to $3.8 billion as of September 30.

Balance Sheet

Total assets were $6.3 billion as of September 30, increasing from 19% from a year earlier. Nonperforming assets made up 2.63% of total assets, increasing from 2.39% a year earlier but declining from a peak of 3.24% at the end of the second quarter.

The ratio of net charge-offs to average loans for the third quarter was 0.87% and loan loss reserves covered 1.29% of total loans as of September 30.

The company reported a Tier 1 leverage ratio of 10.00% as of September 30 and a total risk-based capital ratio of 11.93%, well-above the 5% and 10% required for most banks to be considered well-capitalized by regulators. The tangible common equity ratio was 7.99% according to SNL Financial.

Texas Capital Bancshares exited the Troubled Assets Relief Program, or TARP, in May 2009, when it repaid the government $75 million in bailout assistance. In January the company announced an equity distribution agreement under which it would raise up to $40 million in equity by issuing new common shares from time to time. So far, Texas Capital has raised $4.6 million through this program.

Stock Ratios

The shares trade for 1.5 times tangible book value, which Wunderlich Securities analyst Kevin Reynolds called a "full valuation" when he lowered his rating on Texas Capital Bancshares from a buy to a hold, with a price target of $20, earlier this month. The shares trade for 15.9 times the 2011 consensus earnings estimate among analysts polled by Thomson Reuters of $1.31 a share. The forward P/E drops to 12.6 based on the 2012 consensus earnings estimate of $1.65 a share.

Analyst Ratings

Out of 14 analysts covering Texas Capital Bancshares, seven rate the stock a buy while the remaining analysts all recommend investors hold the shares.

9. F.N.B. Corporation

Company Profile

Shares of F.N.B. Corporation ( FNB) of Hermitage, Pa. closed at $9.56 Wednesday, for a year-to-date return of 49%, as the company used opportunistic deals to expand its banking footprint in the East. Based on a quarterly payout of 12 cents, the shares had a dividend yield of 5.02%.

The company has an agreement in place to acquire Comm Bancorp ( CCBP) of Clarks Summit, Pa. on December 31 for about $67.7 million in cash and stock, with the target company's shareholders approving the sale on December 3. As of September 30, Comm Bancorp had $653 million in total assets and 15 branches in northeastern Pennsylvania.

"The demographics in Kentucky will prove suitable for continued business growth," F.N.B. CEO Stephen Gurgovits said in a statement.

Income Statement

Third-quarter net income was $17.2 million, or 15 cents a share, improving from net income to common shareholders of $4.8 million, or 4 cents a share, when F.N.B paid $5.5 million in costs related to its full repayment of $100 million in TARP money and booked impairment charges of $3.3 million on its investments in pooled trust-preferred securities.

Earnings performance was also boosted by a provision for loan losses of $12.3 million, declining from $16.35 million during the third quarter of 2009. Loan loss reserves were still increasing, as the third-quarter provision exceeded net charge-offs of $937 million.

F.N.B.'s third-quarter net interest margin was 3.78%, improving from 3.66% a year earlier, which the company said reflected "lower deposit and borrowing costs driven by an improved funding mix in a low interest rate environment partially offset by lower yields on earning assets."

Balance Sheet

Total assets were $9 billion as of September 30, increasing 5% over the previous year. The nonperforming assets ratio was 1.96% as of September 30. The third-quarter net charge-off ratio was a relatively low 0.65% and below 1% for three consecutive quarters. Loan loss reserves covered 1.94% of total loans as of September 30, far ahead of the annualized charge-off pace.

The company's Tier 1 leverage ratio was 12.88% and its total risk-based capital ratio was 12.88% as of September 30. The tangible common equity ratio was 5.96% according to SNL Financial.

Stock Ratios

The shares trade for 2.2 times tangible book value according to SNL Financial, and 13.3 times the consensus earnings estimate for 2011 of 72 cents a share. The forward P/E drops to 11.1, based on the 2012 consensus earnings estimate of 86 cents a share.

Analyst Ratings

Out of nine analysts covering F.N.B. Corporation, only one rates the share a buy, while the rest recommend investors hold the shares.

8. First Commonwealth Financial

Company Profile

Shares of First Commonwealth Financial of Indiana, Pa. closed at $6.89 Wednesday, for a year-to-date total return of 50%.

The small, regional lender has worked to resolve or get rid of troubled assets within its Pennsylvania footprint. It has also transferred some funding into lower-cost deposits. CEO John Dolan said that staffing and technology efficiencies "will be a strategic focus for us going forward" as the company looks to reduce costs further.

First Commonwealth's share price has had a rocky ride, climbing from a low of $4.10 cents in January to a high above $7.50 in the spring, back below $5 in the fall, then up to $7 in recent sessions. It pays a nominal quarterly dividend of a penny a share.

Based "solely on valuation" since there was "limited upside" to his price target of $7 a share, Sterne Agee analyst Mike Shafir on Wednesday downgraded the shares to neutral. He also pointed out that the shares had risen 40% since First Commonwealth completed an $86.2 common stock offering on August 4. That offering was priced at $4.65 a share.

Income Statement

First Commonwealth reported third-quarter net income of $10.7 million, or 11 cents a share, compared to a net loss of $5.9 million, or 7 cents a share a year earlier. The main factor in the year-over-year improvement was the lowering of the provision for credit losses to $4.5 million from $23 million. First Commonwealth also reported lower impairment charges of $4.3 million during the third quarter, compared to $11.9 million in the third quarter of 2009.

The company's net interest margin during the third quarter was 3.90%, increasing from 3.62% a year earlier.

Balance Sheet

Total assets were $5.9 billion as of September 30 and the nonperforming assets ratio was 2.91%, increasing from 2.66% a year earlier. The third-quarter net charge-off ratio was 0.63% and reserves covered 1.99% of total loans as of September 30.

First Commonwealth didn't participate in TARP. The company was strongly capitalized after its August offering of common shares, with a Tier 1 leverage ratio of 11.11% and a total risk-based capital ratio of 13.74% as of September 30. The tangible common equity ratio was 10.03% according to SNL Financial.

Stock Ratios

The shares trade for 1.3 times tangible book value according to SNL and 16.4 times the consensus earnings estimate of 42 cents a share for 2011. The forward P/E drops to 13.5, based on the 2012 consensus earnings estimate of 51 cents a share.

Analyst Ratings

Out of eight analysts covering the shares, one rates First Commonwealth a buy, while the rest of the analyst recommend investors hold the shares.

7. Webster Financial

Company Profile

Shares of Webster Financial ( WBS) of Waterbury, Conn. closed at 17.74 Wednesday, for a year-to-date return of 50%.

Shares of the Waterbury, Conn.-based lender have remained fairly stable since taking an initial leg up from roughly $12.50 at the start of the year to a high above $20 in the spring. Since September, the stock has stayed mostly in a range of $15 to $18.

Income Statement

The company reported third-quarter net income to common shareholders of $17.8 million, or 22 cents a share, compared to a net loss of $26.1 million, or 39 cents a share, during the third quarter of 2009. Following the pattern for so many banks, earnings improved year-over-year mainly because of a declined in the provision for loan losses to $25 million during the third quarter from $85 million a year earlier.

Third-quarter 2010 earnings suffered from a $2.8 million legal settlement of a class action lawsuit related to overdraft fees.

Following the third-quarter earnings announcement, David Darst of Guggenheim Securities reiterated his buy rating for Webster Financial, citing "generally positive" credit trends and the company's $644 million in loans originated during the third quarter, increasing from $577 million the previous quarter and $383 million a year earlier. Darst's price target for Webster is $20.50.

Balance Sheet

Webster Financial had total assets of $17.8 billion as of September 30, with an NPA ratio of 1.97%, improving from 2.27% a year earlier. The third-quarter net charge-off ratio was 1.06% and loan loss reserves covered 3.12% of total loans as of September 30.

The company owes $400 million in TARP money and according to SNL Financial, CEO Gerald Plush said at an investor conference on November 11 that the company "previously estimated a capital raise of $100 million to $150 million, and continue to think that's accurate."

Stock Ratios

The shares trade for 1.4 times tangible book value according to SNL Financial. The forward price-to-earnings ratio is 18.3, based on the consensus earnings estimate of 97 cents a share for 2011. The forward P/E drops to 13, based on the 2012 consensus earnings estimate of $1.36 a share.

Analyst Ratings

Out of 12 analysts covering Webster Financial, three rate the shares a buy, eight recommend holding the shares and one analyst recommends investors sell the share.

6. WesBanco, Inc.

Company Profile

Shares of WesBanco of Wheeling, W.V. closed at $18.65 Wednesday, returning 56% year-to-date according to SNL Financial.

WesBanco shares have shot up dramatically this year, up 56% since the start of 2010. The stock moved from a level around $12 in January to top $20 in the spring, then back down to the mid-teens in early fall. Now it's climbing back toward $20, closing above $19.50 in a recent session for the first time in months. The stock also pays a 14-cent quarterly dividend, half of its pre-crisis level but still a reasonable income stream relative to other bank stocks. Based on that payout, the shares yield 3.00%.

Income Statement

For the third quarter, WesBanco reported net income of $9.2 million, or 34 cents a share, compared to net income to common shareholders of $2.3 million, or 9 cents a share, a year earlier, when the company paid $3.1 million unamortized discounts and dividends when it redeemed the $75 million in preferred shares held by the government to completely exit TARP.

The third-quarter provision for credit losses was $11.8 million, declining from $16.2 million a year earlier. The company "released" $6.2 million in loan loss reserves, since third-quarter net charge-offs totaled $17.7 million. This followed the pattern for many of the nation's largest bank holding companies, including Citigroup, with loan loss reserves declining $2.5 billion during the third quarter, along with Bank of America and JPMorgan Chase ( JPM), which each reported a $1.68 billion decline in loan loss reserves.

WesBanco's third-quarter ROA was 0.62% and its net interest margin was 3.61%, improving from 3.35% a year earlier.

The improvements have come from a combination of top-line growth and lower credit costs, even as WesBanco's loan portfolio shrunk. The bank is reaching into business lines like wealth management and trust services, which helped pad fee income, while reducing problematic commercial real-estate holdings.

Balance Sheet

Total assets were $5.4 billion as of September 30 and the NPA ratio was 1.33%, improving from 1.47% a year earlier. The third-quarter net charge-off ratio was 2.10% and loan loss reserves covered 1.77% of total loans as of September 30.

In a point of pride, WesBanco was able to repay its bailout funds last year without raising any new common stock. Management has touted a strategy of growing through opportunistic acquisitions, focused on big cities and thoroughfares in its Midwest footprint.

The Tier 1 leverage ratio was 8.17% and the total risk-based capital ratio was 12.89% as of September 30. The tangible common equity ratio was 6.34% according to SNL Financial.

Stock Ratios

The shares trade for 1.5 times tangible book value and 13.5 times the $1.38 consensus earnings estimate for 2011. The forward P/E drops to 10.9 based on the 2012 consensus earnings estimate of $1.71 a share.

Analyst RatingsOut of seven analysts covering WesBanco, two rate the shares a buy, while the other five recommend investors hold the shares.

5. Western Alliance Bancorporation

Company Profile

Shares of Western Alliance Bancorporation of Phoenix, Ariz. closed at $6.49 Wednesday, rising 72% year-to-date.

The Las Vegas-based lender is in an unenviable position: It operates mostly in Nevada and Arizona, the worst housing markets and hardest-hit economies in the country. At its height in 2007, Western Alliance stock traded above $35; last year it struggled to remain above $3.50.

Income Statement

The company reported a third-quarter net loss to common shareholders of $457 thousand, or a penny a share, narrowing from a net loss to common shareholders of $26.4 million, or 37 cents a share, during the third quarter of 2009.

The provision for credit losses was still high at $23 million during the third quarter, but it declined from $50.8 million a year earlier. Third-quarter net charge-offs totaled $25.8 million, declining from $30.7 million in the third quarter of 2009.

Balance Sheet

Total assets were $6.2 billion as of September 30, and the NPA ratio was 3.96%, improving slightly from 4.14% a year earlier. The third-quarter net charge-off ratio was 2.41% and reserves covered 2.59% of total loans as of September 30.

Western Alliance owes $140 million in TARP money. The company raised $50.3 million in common equity in August. Its Tier 1 leverage ratio was 9.98% and its total risk-based capital ratio was 13.66% as of September 40. The tangible common equity ratio was 7.32% according to SNL Financial.

Chairman and CEO Robert Sarver indicated that the company's capital cushion "not only strengthens our balance sheet, but also furthers our ability to grow."

Stock Ratios

The shares trade for 1.2 times tangible book value according to SNL, and 27 times the 2011 consensus earnings estimate of 24cents a share. The forward P/E drops to 11.2 based on the 2012 consensus earnings estimate of 58 cents a share.

Analyst Ratings

Since mid-August, the stock has mostly remained locked in a $6 to $7 trading range, closing above $6.50 in recent sessions. Wall Street's average price target of $7.60 seems to indicate quite a bit more upside. Yet the analyst community is split, with three recommending clients buy Western Alliance shares and nine rating the stock a hold.

4. CapitalSource, Inc.

Company Profile

Share of CapitalSource ( CSE) of Montgomery, Md. have risen 74% year-to-date, closing at $6.85 Wednesday.

CapitalSource has been transitioning away from investments in healthcare facilities, having sold 103 long-term care facilities to Omega Healthcare Investors during the second quarter. The company still focuses on healthcare real estate financing, as well as other specialty credit offerings, including equipment finance, technology, multifamily lending, as well as its new professional practice lending group, which focuses on financing the acquisition of dental and veterinary practice.

Following the company's announced on Thursday that its board of directors had authorized the repurchase of up to $150 million in common shares over the next two years, Sterne Agee analyst Henry Coffey reiterated his buy rating on the shares, with a price target of $8.75, but on Monday, Michael Taiano of Sandler O'Neill lowered his firm's rating on the shares to a hold, "primarily on valuation, given that the shares are nearing our $7 price target."

Income Statement

For the third quarter, CapitalSource reported net income of $78.2 million, or 24 cents a share, compared to a net loss of $274.3 million, or 90 cents a share, in the third quarter of 2009, when the company reported a $221.4 million provision for loan losses to cover anticipated losses on commercial real estate loans.

The third-quarter provision for loan losses was $15 million, and earnings were also boosted by a tax benefit of $37 million, or 11 cents a share. The third-quarter ROA was 3.20% according to SNL Financial, making CapitalSource the only company listed here to manage an ROA over 1% for the third quarter.

A bright spot for the third quarter was $405 million in loan originations and a 7.83% yield on the company's commercial loan portfolio, "an increase of 49 basis points from the prior quarter primarily due to the impact of declining non-accruals and the full benefit of a growing balance of high yielding loans."

Balance Sheet

Total assets were $9.6 billion as of September 30. Because of differences in the way CapitalSource reports from the other nine banks listed here, we have calculated an NPA ratio including just nonaccrual loans held in the portfolio and repossessed assets, which was 8.9% as of September 30. The net charge-off ratio for the third quarter was 3.35% and reserves covered 6.04% of loan losses reserves as of September 30, according to SNL Financial.

CapitalSource didn't participate in TARP. As of September 30, the company's Tier 1 leverage ratio was 13.03% and its total risk-based capital ratio was 18.26%. The company reported a tangible common equity ratio of 12.85%, although SNL Financial estimates that CapitalSource's ratio of tangible common equity to tangible assets was 20.22% as of September 30. Either way, CapitalSource had the highest TEC ratio as of September 30 among this group of bank holding companies.

Stock Ratios

The shares trade for 1.2 times tangible book value and 17.6 times the consensus earnings estimate of 39 cents a share for 2011. The forward P/E declines to 13.2 based on the consensus earnings estimate for 2012 of 52 cents a share.

Analyst Ratings

Analyst sentiment for CapitalSource is pretty strong considering the 74% year-to-date return on the shares, with nine analysts rating the shares a buy and the other four recommending investors hold the shares.

3. Zions Bancorporation

Company Profile

Shares of Zions Bancorporation ( ZION) of Salt Lake City closed at $22.45 Wednesday, returning 75% year-to-date.

Income Statement

The company reported a third-quarter net loss to common shareholders of $80.5 million, or 47 cents a share, compared to a loss of $181.9 million, or $1.43 a share, a year earlier. Once again, the main driver of the earnings improvement was a reduced provision for loan loss reserves of $184.7 million, from $565.9 million during the third quarter of 2009.

A very nice development for the company was loan originations totaling $2.4 billion during the third quarter, increasing from $480 million a year earlier. The net interest margin was 3.84% during the third quarter, compared 3.91% in the third quarter of 2009.

Balance Sheet

Total assets were $51.1 billion as of September 30, and the nonperforming assets ratio was 4.76%, declining from 4.90% in September 2009. The company owes $1.4 billion in TARP money and reported a Tier 1 leverage ratio of 12.00% and a total risk-based capital ratio of 16.54% as of September 30. The tangible common equity ratio was 7.03% and during the first three quarters of 2010 the company raised $515.3 million in common equity, according to SNL Financial.

Stock Ratios

The shares trade for 1.1 times tangible book value according to SNL. Analysts expect the company to return to profitability in the third quarter of 2011. The shares trade for 11.9 times the consensus earnings estimate of $1.88 for 2012 of $1.88 a share.

Analyst Ratings

Out of 28 analysts covering the shares, seven rate Zions Bancorporation a buy, 19 recommend investors hold the shares and two analysts recommend selling the shares.

2. Huntington Bancshares

Company Profile

Huntington Bancshares of Columbus, Ohio has seen its stock rise 79% year-to-date, to close at $6.49 Wednesday. On Monday, the company announced it would raise $920 million in capital through an offering of common shares and an additional $300 million in subordinated debt, using the proceeds to repay $1.4 billion in TARP money.

CEO Stephen Steinour said in a statement that the TARP repayment would be "the last step in positioning Huntington for growth and improving long-term shareholder returns."

The company had previously announced in September a deal with Giant Eagle Supermarkets to open at least 103 in-store branches over the next 15 years.

Income Statement

Huntington reported third-quarter net income to common shareholders of $71.5 million, or 10 cents a share, compared to a net loss to common shareholders of $166.2 million, or 33 cents a share, a year earlier.

The third-quarter provision for loan losses was $119.2 million, declining from 475.2 million a year earlier. With net charge-offs of $184.5 million during the third quarter, Huntington released $65.3 million in reserves.

The net interest margin during the third quarter was 3.45%, increasing from 3.20% a year earlier.

Balance Sheet

Total assets were $53.3 billion as of September 30 and the NPA ratio was 2.23%, improving from 4.53% a year earlier. The net charge-off ratio for the third quarter was 1.95% and reserves covered 3.50% of total loans as of September 30.

As of September 30, Huntington's Tier 1 leverage ratio was 10.54% and its total risk-based capital ratio was 15.08%. The tangible common equity ratio was 6.05% according to SNL Financial, and the company estimates the TEC ratio will be 7.86% after the capital raise and TARP repayment are completed.

Stock Ratios

The shares trade for 1.5 times tangible book value according to SNL Financial and 14.1 times the consensus 2011 earnings estimate of 46 cents a share. The forward P/E drops to an attractive 9.5 based on the consensus earnings estimate for 2012 of 68 cents a share.

Analyst Ratings

Out of 19 analysts covering Huntington, nine rate the shares a buy, seven analysts recommend investors hold and three recommend selling the shares. TheStreet's Jim Cramer calls Huntington Bancshares a screaming buy.

1. Cathay General Bancorp

Company Profile

Out of the 100 largest U.S. bank holding companies by market capitalization as defined by SNL Financial, Cathay General Bancorp of El Monte, Calif. saw the largest year-to-date total return of 98% through Wednesday, when the shares closed at $14.93.

The company operates branches in California, as well as in New York, and other states, a branch in Hong Kong, as well as representative offices in Taiwan and China.

Income Statement

Cathay General reported third-quarter net income to common shareholders of $13.2 million, or 17 cents a share, improving from a net loss of $21.8 million, or 43 cents a share, a year earlier, when the company set aside $76 million for loan loss reserves. The provision for loan losses declined to $17.9 million in the third quarter.

Third-quarter net income to common shareholders excludes $4.1 million in dividends on preferred shares, including $258 million held by the government for TARP assistance.

The ROA for the third quarter was 0.62% and the net interest margin was 2.74%, compared to 2.65% in the third quarter of 2009.

Balance Sheet

Total assets were $11.3 billion as of September 30 and the NPA ratio was 3.29%, improving from 3.95% a year earlier. The third-quarter net charge-off ratio was 1.05% and reserves covered 3.73% of total loans as of September 30.

Cathay General's Tier 1 leverage ratio was 10.93% and its total risk-based capital ratio was 16.85% as of September 30. The tangible common equity ratio was 7.85%.

Stock Ratios

The shares trade for 1.4 times tangible book value. The shares trade for 19.1 times the consensus 2011 earnings estimate of 78 cents a share, but the forward P/E falls to a more attractive 11.2, based on the 2012 consensus earnings estimate of $1.33 a share.

Analyst Ratings

Out of 10 analysts covering Cathay General, four rate the shares a buy, while six analysts recommend investors hold the shares.

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-- Written by Lauren Tara LaCapra in New York and Philip van Doorn in Jupiter, Fla.

>To contact Lauren Tara LaCapra, click here: Lauren Tara LaCapra.

>To follow the writer on Twitter, go to http://twitter.com/laurenlacapra.

To contact Philip van Doorn, click here: Philip van Doorn.

To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.

To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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